Postal Ballot Notice dated April 21, 2026, along with explanatory statement, is attached.
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Lotus Chocolate Company is seeking shareholder approval via postal ballot for appointing Mr. Mohammed Rafathullah (DIN: 06744446) as a Non-Executive Director. He was appointed as Additional Director on February 27, 2026, and this ballot now seeks permanent shareholder approval. Mr. Rafathullah, aged 57, brings over 30 years of FMCG experience, having worked at companies like Gandour Chocolates, Dukes Biscuits, Heinz India, and GlaxoSmithKline. He specializes in sales & distribution, brand management, and manufacturing. No remuneration is being proposed for this position. The e-voting period runs from April 23, 2026 to May 22, 2026, with results to be announced by May 26, 2026.
This is a routine governance matter. The appointment brings relevant FMCG industry expertise to the board at no cost to the company, which could benefit the chocolate business. Shareholders should expect minimal direct impact on stock price unless the appointment signals broader strategic changes.